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Natural Gas v. Energy Independence v. Free Markets v. Domestic Jobs
Posted on 12/7/12 at 9:37 am
Posted on 12/7/12 at 9:37 am
Quite the conundrum:
LINK
Exports are also a real threat to the planned GTL plant in LC.
Let the export wars begin!
quote:
Manufacturers terrified that rising natural gas prices threaten their bottom lines are stepping up pressure on the Obama administration to limit exports of the fossil fuel in the wake of a study that said selling more overseas would broadly benefit the United States.
The government-backed report released Wednesday will be a major factor as the Energy Department weighs whether to grant applications from 15 companies to export a total of 21.5 billion cubic feet of natural gas daily to countries that don’t have free trade agreements with the United States.
But chemical and manufacturing industry leaders insist if the Energy Department approves too many export licenses, natural gas prices would be pushed skyward, jeopardizing some $90 billion in planned capital spending.
LINK
Exports are also a real threat to the planned GTL plant in LC.
Let the export wars begin!
4
Posted on 12/7/12 at 10:44 am to cwill
quote:
Planned domestic manufacturing facilities were announced “with the assumption we would have available competitive and affordable natural gas,” Biltz said in an interview. “Our view is that too many exports would change that profile and would reduce the amount of investments that would be made.”
Yeah, because O&G prices have historically been SO stable.
Also, if you look at the chart at the bottom of the 103 new sites, most of that "$90 Billion Manufacturing Renaissance" comes from O&G producers who would benefit from higher gas prices. I think this article was written by Dow lobbyists.
This post was edited on 12/7/12 at 10:51 am
Posted on 12/7/12 at 10:55 am to cwill
The economy needs a kick in the arse to get out of this liquidity trap that the Fed has dug us into. This would be a PHENOMENAL stimulus package for the country and it would actually generate revenue for the tax payer instead of pissing it away on algae gasoline and butterfly humping research.
Therefore, Liberals will try to block it.
Therefore, Liberals will try to block it.
Posted on 12/7/12 at 11:41 am to TheHiddenFlask
quote:
Therefore, Liberals will try to block it.
This issue is going to tie some conservatives in a knot, too....I don't think you appreciate all the competing factors.
Posted on 12/7/12 at 11:51 am to cwill
FTR: I hate all main line political factions.
I just really hate the stranglehold that the left puts on one of our nation's greatest industries.
I just really hate the stranglehold that the left puts on one of our nation's greatest industries.
Posted on 12/7/12 at 12:41 pm to cwill
Please let this happen please let this happen.
Posted on 12/7/12 at 1:19 pm to cwill
I'm sorry but if a company expected sub $3 natural gas forever they deserve what they get. Natural gas that low is borderline uneconomic to produce.
They also need to wake up and understand that the US has the lowest natural gas prices in the world. Asia is in the $15-16 range while Europe is around $8. US companies can't be so stupid to think US producers would not try to tap into higher priced markets.
They also need to wake up and understand that the US has the lowest natural gas prices in the world. Asia is in the $15-16 range while Europe is around $8. US companies can't be so stupid to think US producers would not try to tap into higher priced markets.
Posted on 12/7/12 at 2:40 pm to polizei11
quote:
I'm sorry but if a company expected sub $3 natural gas forever they deserve what they get. Natural gas that low is borderline uneconomic to produce.
They also need to wake up and understand that the US has the lowest natural gas prices in the world. Asia is in the $15-16 range while Europe is around $8. US companies can't be so stupid to think US producers would not try to tap into higher priced markets
correct. the last plant we did (nat gas fired), i became friends w/ the CFO. his wife went to LSU w/ me. small world. they based their margins on nat gas @ $10.00 considering a worse case scenario. nat gas increasing some would not be a bad thing as it would be more economically feasible to drill and produce in a lot of areas.
ETA: this was a foreign company who built their first plant in the US. they have already committed funding to four other plants in the US w/ one already under construction. these plants range from 1.2 to 1.6 billion each. they produce raw material for fertilizers.
This post was edited on 12/7/12 at 2:46 pm
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